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India poised to become 3rd-largest economy with GDP of $7.3 trillion by 2030:Govt
“India is among the world’s fastest-growing major economies and is...
Indian Insurance Broking Industry-2026:Future trends and challenges
The old ways of doing business are no longer enough. Brokers are...
Data protection rules may be refined further to protect children: Vaishnaw
"We will refine it (DPDP Rules) further to take the power of technology to children while saving them from many harm," Vaishnaw said. New Delhi: The Digital Personal Data Protection Rules will be refined further to connect children with technology while saving them...
Modified scheme to provide cashless treatment for road accident victims nationwide: Gadkari
"The broad contours of the pilot programme are -- victims entitled to cashless treatment up to a maximum of Rs 1.5 lakh per accident per person for a maximum period of 7 days from date of the accident," Nitin Gadkari said while addressing a press conference. The...
Toyota Motor Corp. plans to move 100 residents of a futuristic city at base of Mount Fuji
Akio Toyoda,Chairman,Toyota A key part of Toyota’s broader Woven initiative is a new software platform and vehicle operating system it calls Arene, which is designed to speed up car development and lower costs. It plans to deploy the system this year and make it a...
“Acquisitions in India remain an option if a compelling opportunity arises aligning with our long-term vision”
Laurent Rousseau, CEO of Europe, IMEA and Global Capital Solutions, Guy Carpenter 33% of the overall Indiancapacity (premium) is still provided by cross boarder reinsurers(CBRs). CBRs play a critical role particularly in specialty lines (e.g. Terrorism,...
General Insurance industry premium degrows a bit in Dec
In the first nine months(Apr-Dec) of FY 23-24, the industry has grown by 7.83 per cent year on year(y-o-y) to Rs 2.30.181crore Mumbai: Post segregation of long- term business from monthly premium figures, the general insurance industry has slowed down a bit in...
Automobile retail sales rise 9 pc in 2024 despite multiple headwinds: FADA
Two-wheeler registrations fell 18 per cent to 11,97,742 units as compared to 14,54,353 units in December 2023 On business outlook, FADA noted that in the two-wheeler segment, rising rural incomes, fresh model introductions and an eventual plateau in EV disruption...
India economy to grow 6.4 pc in 2024-25, slowest in 4 years: Govt data
India's economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, mainly on account of poor showing by the manufacturing and services sector, according to government data . New Delhi: The Indian economy is estimated to grow at 6.4 per...
Powerful Tibet earthquake near Nepal kills at least 96
The quake hit at 9:05 a.m. (0105 GMT), with its epicentre located in Tingri, a rural Chinese county known as the northern gateway to the Everest region, at a depth of 10 km (6.2 miles), according to the China Earthquake Networks Centre. The U.S. Geological Service put...
Strong reinsurer appetite drives excess property catastrophe capacity at January 1:Guy Carpenter
Dean Klisura, President & CEO of Guy Carpenter. “Renewal outcomes at year-end reflect reinsurers’ positive property experience over the last two years and casualty portfolios that are well-positioned for future profitability,” said GC. London: Global reinsurance...
Sensex tumbles 1,258 points over HMPV fears, global uncertainties, Investors’ wealth tumbled Rs 10.98 lakh crore
"The Indian equity markets are witnessing a sharp decline today, with both Nifty and Bank Nifty slipping below their 200-day moving averages (DMA). The sell-off can be attributed to a rise in Foreign Institutional Investors (FIIs) selling and concerns surrounding the...